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SBM Zero Interest Medical Loan
Le premier Medical Loan à taux zéro de l’île Maurice
The SBM Zero Interest Medical Loan is a…
Boost Loan
SBM Boost is a multipurpose personal loan, with a ceiling of Rs 3,000,000, which does not require you to provide any guarantee.
SBM Boost is a highly flexible and…
Personal Loan
SBM Personal loan is an all-purpose financing solution for any personal project that the customer wishes to implement, whether for a wedding, purchasing a personal computer or any other personal requirements.
SBM Personal loan is an all-purpose…
SBM Achiever
SBM Achiever fulfils the financial requirements of students studying locally and internationally at competitive interest rates.
SBM Achiever was devised to meet the…
Indicative Interest Rates
| INTEREST RATES ON SAVINGS/CURRENT ACCOUNTS – EFFECTIVE 1st October 2024 | |
| Savings Account | 2.60% p.a. |
| SBM All-In-One Account |
0.25% p.a. |
| Senior Citizens Savings Account |
2.75% p.a. |
| Super Savings* |
Savings rate on first MUR 1,000,000 *Products are no longer on offer and rates apply to existing accounts only |
The above rates are applicable to individuals only.
|
INTEREST RATES ON MUR TERM DEPOSITS – EFFECTIVE 1st October 2024 (Applicable for individual customers only) |
||
| 12 Months | 0.20% over Savings Rate presently being 2.60% (2.80%) | Half Yearly |
| 24 Months | 0.40% over Savings Rate presently being 2.60% (3.00%) | Half Yearly |
| 24 Months | 0.55% over Savings Rate presently being 2.60% (3.15%) | At Maturity |
| 36 Months | 0.60% over Savings Rate presently being 2.60% (3.20%) | Half Yearly |
| 36 Months | 0.75% over Savings Rate presently being 2.60% (3.35%) | At Maturity |
The conditions are as hereunder:
1. The above are board rates for MUR Term Deposits up to MUR 5,000,000. For large single deposits exceeding MUR 5,000,000 and for longer periods, please contact SBM ALM Desk.
2. Minimum amount acceptable under Term Deposit is MUR 100,000/-. It is understood that amount below MUR 100,000/- will be accepted under Savings or “All-in-one” accounts.
3. Encashment of deposit prior to maturity is at the discretion of the Bank. Interest may be forfeited if funds are withdrawn within 3 months of date of deposit.
Pre-mature encashment of term deposit after 3 months will be at 1% penal rate or the cost incurred by the Bank for replacement of the Deposit, whichever is higher.
4. Above rates will apply as from 1st October 2024.
1. The above are board rates for MUR Term Deposits up to MUR 5,000,000. For large single deposits exceeding MUR 5,000,000 and for longer periods, please contact SBM ALM Desk.
2. Minimum amount acceptable under Term Deposit is MUR 100,000/-. It is understood that amount below MUR 100,000/- will be accepted under Savings or “All-in-one” accounts.
3. Encashment of deposit prior to maturity is at the discretion of the Bank. Interest may be forfeited if funds are withdrawn within 3 months of date of deposit.
Pre-mature encashment of term deposit after 3 months will be at 1% penal rate or the cost incurred by the Bank for replacement of the Deposit, whichever is higher.
4. Above rates will apply as from 1st October 2024.
| EFFECTIVE 1st October 2024 |
| SBM Prime Lending Rate (PLR) is presently 6.55% p.a. |